4th Risk Summit (2013)

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17 Jun 2013

13:00 -22:00

18 Jun 2013

08:30 -18:30

Times are shown in local times.

Open to: Specialists and business managers, including threat specialists, academics, policy-makers, practitioners and advisors

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Cambridge Judge Business School

Trumpington St

Cambridge

CB2 1AG

United Kingdom

Risk & Strategy: Returns versus Resilience

In June 2013 the Cambridge Centre for Risk Studies brought together leaders and decision makers from business, government, intergovernmental organisations, academia and NGOs to explore the inter-linkages between risk and strategy.

Risk is usually perceived as the threat of loss, with predominantly negative connotations.

This meeting challenged these perceptions and promote debate about opportunities inherent in a risky environment.

Keynote speakers

Risk Summit

  • Woody Powell, Professor of Sociology, Organizational Behavior, Management Science & Engineering, and Communication (by courtesy), Stanford University
  • Gillian Tett, Markets and Finance Commentator & Assistant Editor, Financial Times

Risk Summit Dinner 

  • David Spiegelhalter, Winton Professor of the Public Understanding of Risk, University of Cambridge

Registration closed

Registration for this event is closed. If you are interested to hear about upcoming events and other Centre-related news and resources, please join our mailing list.

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4th Risk Summit.
Principal knowledge partner
Sustaining meeting partner
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Meeting partners
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Lockheed Martin.
Programme partners
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Centre supporters
Academic collaborators

Programme

Day 1

Monday 17 June 2013

16:30 – 17:00

Risk Summit Registration

17:00 – 18:30

Risk Summit Welcome

Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies

Session and Keynote Speaker Introduction

William Janeway, Senior Advisor, Warburg Pincus

Risk Summit Keynote: Risk and Resilience through a Network Lens

Speaker: Woody Powell, Professor of Sociology, Organizational Behavior, Management Science & Engineering, and Communication (by courtesy), Stanford University

Risk Summit Day 1 Panel: Seeking Value Creation in Risk: Innovation, Creativity, and Making the Right Bets

Moderated by: Chair: David Champion, Senior Editor, Harvard Business Review

  • Mark Davies, Head of Group Risk, Rio Tinto
  • Christoph Loch, Director, University of Cambridge Judge Business School & Professor of Management Studies
  • Woody Powell, Professor of Sociology, Organizational Behavior, Management Science and Engineering, and Communication (by courtesy), Stanford University
  • Alan Smith, Global Head of Risk Strategy and Chief of Staff, Global Risk, HSBC

18:30 – 19:30

Drinks Reception at Cambridge Judge Business School

19:30 – 22:00

Risk Summit Dinner at Christ’s College

Dinner Speaker: David Spiegelhalter, Winton Professor of the Public Understanding of Risk, University of Cambridge

Day 2

Tuesday 18 June 2013

08:30 – 09:00

Risk Summit Registration & Coffee

09:00 – 09:15

Risk Summit Welcome and Introductions

Andrew Coburn, Director of the External Advisory Board, Cambridge Centre for Risk Studies and Senior Vice President, RMS

09:15 – 11:00

Plenary Session 1: Risk Strategy and Value Of Risk (VOR)

09:15-09:30 – Joining up the Dots; What Anthropologists Can Teach Risk Managers – Gillian Tett, Markets and Finance Commentator & Assistant Editor, Financial Times

09:30-10:00 – The challenge of simulating and understanding systemic risk in financial markets – Doyne Farmer, Professor of Mathematics and Co-Director of Complexity Economics, Institute for New Economic Thinking, Oxford Martin School, University of Oxford

10:00-10:30 – Value from risk through informed tradeoffs – Martin Pergler, Senior Risk Expert, McKinsey & Co

10:30-11:00 – Risk Summit Day 2 Panel: “Against the Gods” – Exploring the Strategy Side of Risk

Panel Moderator: Gillian Tett, Markets and Finance Commentator & Assistant Editor, Financial Times

  • Doyne Farmer, Professor of Mathematics and Co-Director of Complexity Economics, Institute for New Economic Thinking, Oxford Martin School, University of Oxford
  • Andrew Freeman, Risk Fellow, Cambridge Centre for Risk Studies & Managing Director, Cambridge Research Associates Ltd
  • Ashley Hirst, Head of Science, Global Distribution and EMEA at AIG
  • Martin Pergler, Senior Risk Expert, McKinsey & Co

11:00 – 11:30

Break

11:30 – 13:00

Plenary Session 2: The Upside of Risk

Chair: Sven Heiligtag, Principal, McKinsey & Company

Are Risk Analysts Too Reward-Averse? – Gordon Woo, Catastrophist, RMS

Risk Pricing Mechanisms: Reconciling Science, Risk, and Opportunities – Mike Maran, Chief Science Officer, Catlin Insurance

Phoenix from the Flames: Reinvigoration through Catastrophe – Charles Scawthorn, Principal, SPA Risk LLC and former Professor of Kyoto University

Influence of International Clusters to Global Economic Development – Haresh Shah, Chairman of ARC, Advisory Board, ICRM & Emeritus Professor, Stanford University

13:00 – 14:00

Lunch at University Arms Hotel

14:00 – 15:30

Plenary Session 3: Risk as an Evolutionary Force

Chair: Peter Ulrich, Senior Vice President, RMS

Survival of the Reckless: Risk, Structure, and the Law of Unanticipated Consequences – Michael Jacobides, Sir Donald Gordon Chair of Entrepreneurship and Innovation, Strategy & Entrepreneurship Department, London Business School

Biological Perspective of Resilience – Gerard Evan, Head of Department and Professor, Department of Biochemistry, University of Cambridge

Financial Innovations, Market Crises, and Institutional Changes: Causes or Consequences? – D’Maris Coffman, College Lecturer, Newnham College and Director, Centre for Financial History

15:30 – 16:00

Coffee break

16:00 – 17:00

Plenary Session 4: Crisis as Opportunity

Chair: Andrew Palmer, Finance Editor, The Economist

Why are Poor Countries Poor and Rich Countries Rich? – Tiago Cavalcanti, Senior Lecturer, University of Cambridge Department of Economics

Risk Summit Day 2 Panel: Emerging Opportunities in the Midst of Crises

Panel Moderator: Andrew Palmer, Finance Editor, The Economist

  • William Dick, Consultant, World Bank and Consultant & UN World Food Programme
  • Tso-Chien Pan, Professor and Executive Director, Institute of Catastrophe Risk Management (ICRM), Nanyang Technological University (NTU), Singapore
  • Will Pearson, Director, Eurasia Group’s Global Energy and Natural Resources
  • Geir Westgaard, Head of Political Risk and Head of Security Threat Assessment Centre, Statoil

17:00 – 17:15

Summit Closing Remarks

Daniel Ralph, Academic Director, Cambridge Centre for Risk Studies, University of Cambridge Judge Business School & Professor of Operations Research

17:30 – 18:30

Drinks Reception and Cambridge-McKinsey Risk Prize Award Announcement

Special topics seminar

13:00-14:00

From Risk Management to Resilience in Coping with Natural Catastrophes in Asia – the Vietnam Case

Roman Hohl, CEO Asia Risk Centre and Deputy Director, Institute of Catastrophe Risk Management (ICRM), Nanyang Technological University (NTU), Singapore

14:00-15:15

Risk Analytics Workshop with ProbabilityManagement.org

  • Michael Salama, Vice President, Corporate Tax & Lead Tax Counsel, The Walt Disney Company.
  • Sam Savage, Consulting Professor, Stanford University and Executive Director, ProbabilityManagement.org

15:15-16:30

Cambridge Risk Framework: Innovations in Risk Modelling

  • Gary Bowman, Research Associate, Cambridge Centre for Risk Studies
  • Andrew Coburn, Director of the External Advisory Board, Cambridge Centre for Risk Studies and Senior Vice President, RMS
  • Simon Ruffle, Director of Technology Research, Cambridge Centre for Risk Studies

Speakers

  • Gary Bowman, Research Associate, Cambridge Centre for Risk Studies
  • Fabio Caccioli, Research Associate, Cambridge Centre for Risk Studies
  • Tiago Cavalcanti, Senior Lecturer, University of Cambridge Department of Economics
  • David Champion, Senior Editor, Harvard Business Review
  • Dr Andrew Coburn, Director of the External Advisory Board, Cambridge Centre for Risk Studies and Senior Vice President, RMS
  • D’Maris Coffman, College Lecturer, Newnham College and Director, Centre for Financial History
  • Mark Davies, Head of Group Risk, Rio Tinto
  • William Dick, Consultant, World Bank and Consultant & UN World Food Programme
  • Gerard Evan, Head of Department and Professor, Department of Biochemistry, University of Cambridge
  • J. Doyne Farmer, Professor of Mathematics and Co-Director of Complexity Economics, Institute for New Economic Thinking, Oxford Martin School, University of Oxford
  • Andrew Freeman, Risk Fellow, Cambridge Centre for Risk Studies & Managing Director, Cambridge Research Associates Ltd
  • Louise Gutteridge, Events and Operations Manager, Cambridge Centre for Risk Studies
  • Sven Heiligtag, Principal, McKinsey & Company
  • Ashley Hirst, Head of Science, Global Distribution and EMEA at AIG
  • Roman Hohl, CEO Asia Risk Centre and Deputy Director, Institute of Catastrophe Risk Management (ICRM), Nanyang Technological University (NTU), Singapore
  • Michael G Jacobides, Sir Donald Gordon Chair of Entrepreneurship and Innovation, Strategy & Entrepreneurship Department, London Business School
  • William H Janeway, Senior Advisor, Warburg Pincus
  • Christoph Loch, Director, University of Cambridge Judge Business School & Professor of Management Studies
  • Michael Maran, Chief Science Officer, Catlin Group
  • Andrew Palmer, Finance Editor, The Economist
  • Tso-Chien Pan, Professor and Executive Director, Institute of Catastrophe Risk Management (ICRM), Nanyang Technological University (NTU), Singapore
  • Will Pearson, Director, Eurasia Group’s Global Energy and Natural Resources
  • Martin Pergler, Senior Expert, McKinsey & Co
  • Walter W Powell, Professor of Education and Sociology, Organizational Behavior, Management Science and Engineering, and Communication, and Co-Director of the Center on Philanthropy and Civil Society
  • Louise Pryor, Researcher, Cambridge Centre for Risk Studies
  • Daniel Ralph, Academic Director, Cambridge Centre for Risk Studies, University of Cambridge Judge Business School & Professor of Operations Research
  • Simon Ruffle, Director of Technology Research, Cambridge Centre for Risk Studies
  • Michael H Salama, Vice President, Corporate Tax & Lead Tax Counsel, The Walt Disney Company
  • Sam L Savage, Consulting Professor, Stanford University and Executive Director, ProbabilityManagement.org
  • Charles Scawthorn, Principal, SPA Risk LLC and former Professor of Kyoto University
  • Haresh Shah, Chairman of ARC, Advisory Board, ICRM & Emeritus Professor, Stanford University
  • Alan Smith, Global Head of Risk Strategy and Chief of Staff, Global Risk, HSBC
  • David Spiegelhalter, Winton Professor of the Public Understanding of Risk, University of Cambridge
  • Gillian Tett, Markets and Finance Commentator & Assistant Editor, Financial Times
  • Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
  • Peter Ulrich, Senior Vice President, RMS
  • Geir Westgaard, Head of Political Risk and Head of Security Threat Assessment Centre, Statoil
  • Gordon Woo, Catastrophist, RMS

Photos from the conference

View the photo album on Flickr

Risk Summits

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